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China’s Huochebang fetches $1bn valuation

  Bloomberg Truck Alliance Inc., a Uber-type service for trucks known in China as Huochebang, raised about $115 million in a financing round that valued the startup at $1 billion. The two-year-old company backed by Tencent Holdings Ltd. and Hillhouse Capital secured the capital in a round led by new investors International Finance Corp. and All-Stars Investment Ltd. Tencent, Genesis ...

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China LNG imports hit record as memories of freeze linger

  Bloomberg China’s liquefied natural gas imports surged to a record last month as the world’s third-biggest buyer boosted shipments to offset winter demand and avert shortages that struck cities including Beijing last year. Inbound LNG shipments jumped 46.6 percent to 2.66 million tons in November from a year earlier, according to General Administration of Customs data released. Natural gas ...

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Nokia sues Apple to escalate mobile-patent licensing battle

  Bloomberg Nokia Oyj sued Apple Inc. saying the iPhone maker infringed several mobile patents, turning simmering tension between the companies into a bitter public legal battle on multiple fronts. The Finland-based company said Apple agreed to license patented inventions in 2011 but has refused to extend those agreements that are now expiring. Nokia filed complaints with the German Regional ...

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